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>> the government. hiring more bureaucrats taking many from the apples, microsoft and oracles of world that are expanding the pie, creating opportunities -- >> but he's also got to say something about spending. in many cases spending cuts are more important than tax cuts in this debate. he's going to talk spending. you know that jim lehrer, who is very good at this, is going to ask romney for specifics on this. what are the specifics on spending cuts? we've not heard them. >> we know where the problems are in the federal budget. medicare is responsible for a quarter of the federal debt in the last ten years. i have a plan to take action and get that under control. the president doesn't. if you look at his budget, they are a recipe for middle-class tax hikes. you cannot spend that kind of money without taxing the middle class. it's arithmetic, it's not politics. one of the things that governor romney has to do tonight is make the president own his record. his record's very unpopular. his policies are ver
>> the government. hiring more bureaucrats taking many from the apples, microsoft and oracles of world that are expanding the pie, creating opportunities -- >> but he's also got to say something about spending. in many cases spending cuts are more important than tax cuts in this debate. he's going to talk spending. you know that jim lehrer, who is very good at this, is going to ask romney for specifics on this. what are the specifics on spending cuts? we've not heard them. >>...
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Sep 27, 2012
09/12
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sound like our government, right? details of this rather distu disturbing story. which group is the biggest offender? you'll find out. stay tunes. at optionsxpress we're all about options trading. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™ subscription when you call 1-888-280-0149 now. optionsxpress by charles schwab. . >>> all right. listen up, single guys. you can become an instant multimillionaire without winning the lottery. a hong kong billionaire can help you do it. all you have to do is marry his daughter. but there's only one tiny catch. robert frank explains why this may be a tough deal to get done. robert. >> thanks, maria. i love this story. a hong kong billionaire is offering $65 million to any man able to marry his daughter. now, in most ways,
sound like our government, right? details of this rather distu disturbing story. which group is the biggest offender? you'll find out. stay tunes. at optionsxpress we're all about options trading. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we?...
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Sep 27, 2012
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yes, you have to spend money on government. look at the union crisis in the nfl. it's like it's a problem if it hits something that people care about. well, union refs tend to be better than nonunion refs for a lot of reasons that we don't have the time to get into, and, yes, supporting our men and women in un for him, our firefighter, our police officers and our teachers, i would call that patriotism. >> actually i like that term economic patriotism. it's a term mitt romney should be using. for example, i have always said on this show i don't think it is patriotic to support a 35% corporate income tax. >> there you go. >> that is making america uncompetitive and shipping jobs overseas. so let's get together on the economic patriotism and get that corporate tax rate and personal income tax rate stopped. >> why is it patriotic, phil, i'll give you the last word, why is it patriotic to give state and local government unions who are already bankrupting a half a dozen states around the country, why is it that pat yoriotic all a sudden? >> it sounds like a formula for
yes, you have to spend money on government. look at the union crisis in the nfl. it's like it's a problem if it hits something that people care about. well, union refs tend to be better than nonunion refs for a lot of reasons that we don't have the time to get into, and, yes, supporting our men and women in un for him, our firefighter, our police officers and our teachers, i would call that patriotism. >> actually i like that term economic patriotism. it's a term mitt romney should be...
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Oct 3, 2012
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she says the iranian government is to blame for the currency crash in that country. she is likely referring to the government's nuclear weapons program that has brought on harsh international sanctions. as mandy and michelle talked about, the iranian currency has absolutely collapsed and the situation getting more desperate in tehran. >>> well, here we are less than seven hours away from president obama and mitt romney squaring off in the first of three presidential debates. there's been a lot of talk that the market is already pricing in an obama re-election. in fact, in trade showing betters placing a 70% chance on an obama re-election. but some new polls suggest romney is closing the gap. so what happens to the markets and your money if mitt romney pulls ahead or wins? joining us, art, is a romney win bad for stocks? art, we're going to get your mike running. is a romney win bad for stocks? >> i think a romney win is great for stocks. at least the psychology will be two things. first, first cal conservati first, fiscal conservative coming in 2013 to help with grow
she says the iranian government is to blame for the currency crash in that country. she is likely referring to the government's nuclear weapons program that has brought on harsh international sanctions. as mandy and michelle talked about, the iranian currency has absolutely collapsed and the situation getting more desperate in tehran. >>> well, here we are less than seven hours away from president obama and mitt romney squaring off in the first of three presidential debates. there's...
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Sep 27, 2012
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government waste gone wild. the shocking story that has all of us here shaking our heads today. >> indeed. and how the lands down under just got a whole lot richer. why am i not there? "street signs" is back after this quick break. >>> here's today's "return on retirement." middle-class americans are dealing with some serious woes. their net worth has fallen, wiping out two decades of growth. in a recent survey, 85% of middle class adults said it is harder to maintain their lifestyle today than a decade ago. so how do they feel about retirement? the results when we return. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we beli
government waste gone wild. the shocking story that has all of us here shaking our heads today. >> indeed. and how the lands down under just got a whole lot richer. why am i not there? "street signs" is back after this quick break. >>> here's today's "return on retirement." middle-class americans are dealing with some serious woes. their net worth has fallen, wiping out two decades of growth. in a recent survey, 85% of middle class adults said it is harder to...
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Sep 26, 2012
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government. one day after the u.s. said it had complied with the wto requirement, eu officials rejected the claim and said they would appeal again to the trade organization. this marks the latest chapter in an ongoing battle with the u.s. also pursuing the eu over air bus subsidies. >>> in japan, they have chosen a nationalist talk to lead it into upcoming elections. if former prime minister won the leadership in a second round lineup. he had been the most vocal candidate in calling for a harder start against beijing in ongoing territorial disputes. he's also pushed bank of japan to take more action on the economy. >>> continued anti-japanese tension in china is forcing japan's top auto makers to put the brakes on production. here is the story live from tokyo. >> reporter: the decision comes as growing anti-japan sentiments slow sales of japanese cars in the mainland. toyota's original plan was to shut down its main plant for national holidays starting sunday, but the auto maker has decided to sloez the plant four days
government. one day after the u.s. said it had complied with the wto requirement, eu officials rejected the claim and said they would appeal again to the trade organization. this marks the latest chapter in an ongoing battle with the u.s. also pursuing the eu over air bus subsidies. >>> in japan, they have chosen a nationalist talk to lead it into upcoming elections. if former prime minister won the leadership in a second round lineup. he had been the most vocal candidate in calling...
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Sep 25, 2012
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he doesn't want to be writing checks to the foreign governments. he wants a more sophisticated interplay. that was where he was going with this. but he cited the initiative as the model that he would like to pursue. he said what bill clinton has done is a model for how far rin policy can go. many thanks. >> let's get right to our guests. retired four star general. general mccaffery, can i get your take on something, iran saying they have a big missile test and is this bs or is it real? >> i think they are trying to project eemense military power. i do think they have the batteries to close down the gulf for any kind of confrontation. military force is not the option in the gulf. >> but you could surmise that they were taking this test. because ahmadinejad was talking on the news yesterday. normally they would show us pictures. i'm skeptical, did anything happen at all or is this off the radar screen, nothing, zero? >> they have constructed a m missile industry and a lot of it was the russian defecting scientist. this is a third tier military power.
he doesn't want to be writing checks to the foreign governments. he wants a more sophisticated interplay. that was where he was going with this. but he cited the initiative as the model that he would like to pursue. he said what bill clinton has done is a model for how far rin policy can go. many thanks. >> let's get right to our guests. retired four star general. general mccaffery, can i get your take on something, iran saying they have a big missile test and is this bs or is it real?...
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Oct 3, 2012
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that lack of dollars means massive inflation, one of the chief reasons why governments fall. >> and brian, you were weighing in saying it is not just what is going on in iran but layer in the tensions between syria and turkey and that puts another level into the mix. >> the reason why this is important to a u.s. investor is because it has to do with oil. it is clear that the u.s. and saudi arabia have this plan of pumping as much oil as they can and it is starting to watch. now you have to think what happens if there is a regime change. so as a u.s. investor that is great for the u.s. economy. that is great for u.s. stocks. what has to happen in the u.s. market is oil has always been this traditional leading indicator in the economy. if oil is up that means there is lots of demand and that is great. >> let's look at the oil picture. we did see oil breaking below $88. how could a regime change in iran impact oil? joining us is the king of commodities himself. you can take a look at wti. it doesn't seem like it is reflecting the tensions or would we be even lower if we didn't have them? >>
that lack of dollars means massive inflation, one of the chief reasons why governments fall. >> and brian, you were weighing in saying it is not just what is going on in iran but layer in the tensions between syria and turkey and that puts another level into the mix. >> the reason why this is important to a u.s. investor is because it has to do with oil. it is clear that the u.s. and saudi arabia have this plan of pumping as much oil as they can and it is starting to watch. now you...
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Oct 3, 2012
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what did governments do when the financial crisis happened? they took measures to bring stability back to the financial market. and we see, because of our responsibility, a future crisis in the oil market. should we not take preemptive measures to prevent it? and i think the answer is, yes, we should. it's incumbent on us not to see the oil market destroyed. [ticking] >> coming up, an unprecedented look inside saudi aramco, the largest oil company in the world. >> this is the nerve center. every facility in the kingdom, every drop of oil that comes from the ground is monitored in real time... >> in this room? >> in this room. >> that's ahead when 60 minutes on cnbc returns. [ticking] there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all-new cadillac xts has arrived, and
what did governments do when the financial crisis happened? they took measures to bring stability back to the financial market. and we see, because of our responsibility, a future crisis in the oil market. should we not take preemptive measures to prevent it? and i think the answer is, yes, we should. it's incumbent on us not to see the oil market destroyed. [ticking] >> coming up, an unprecedented look inside saudi aramco, the largest oil company in the world. >> this is the nerve...
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Sep 27, 2012
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the public opinion, shock for the government. but i'm confident we'll find our way. there will not be layoffs. we'll find a job for everybody at the end. and what is important that we show the way. and the overcapacity in europe, we cannot be the only one to close a plant. >> of course one of the way to grow is for corporations to prosper. the latest corporation is with with gm tell us about what you're going to do with gm, also venturing perhaps into latin america, brazil is one of the key issues, i think. >> we have to upscale our brands and must share the costs of a number of projects. so to do this i think reliance helps no question. the second is globalization, international development, especially in china, latin america. and we for example in reliance on gm a joint venture global and this will help our globalization. and unless europe, we have to restore profitability. we have some ideas of common projec projects. >> let me focus back on gm. 7% stake now. do you think they will increase that in peugeot? >> well, in the con
the public opinion, shock for the government. but i'm confident we'll find our way. there will not be layoffs. we'll find a job for everybody at the end. and what is important that we show the way. and the overcapacity in europe, we cannot be the only one to close a plant. >> of course one of the way to grow is for corporations to prosper. the latest corporation is with with gm tell us about what you're going to do with gm, also venturing perhaps into latin america, brazil is one of the...
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what did governments do when the financial crisis happened? they took measures to bring stability back to the financial market. and we see, because of our responsibility, a future crisis in the oil market. should we not take preemptive measures to prevent it? and i think the answer is, yes, we should. it's incumbent on us not to see the oil market destroyed. [ticking] >> coming up, an unprecedented look inside saudi aramco, the largest oil company in the world. >> this is the nerve center. every facility in the kingdom, every drop of oil that comes from the ground is monitored in real time... >> in this room? >> in this room. >> that's ahead when 60 minutes on cnbc returns. [ticking] [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and c
what did governments do when the financial crisis happened? they took measures to bring stability back to the financial market. and we see, because of our responsibility, a future crisis in the oil market. should we not take preemptive measures to prevent it? and i think the answer is, yes, we should. it's incumbent on us not to see the oil market destroyed. [ticking] >> coming up, an unprecedented look inside saudi aramco, the largest oil company in the world. >> this is the nerve...
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we have a bind for the government. you've got a recession already, you've got 25% unemployment, you've got a housing crisis which means prices have fallen at least 25% and could fall again. the remedy for the markets is to have more austerity. it's what they have to do to gain the confidence of the markets, to gain the confidence of northern european markets and paymasters, i.e., the germans so they can get the bailout if and when they ask for it on a sovereignty basis. they're trying to preempt conditionality by having extreme austerity. we're talking about possibly getting cuts as much as 30% in agriculture, public works and infrastructure. across the board, and there are real concerns that far from being the remedy this could entrench the recession and make it harder for this country to pull itself out of the mire because there are a lot of things that government doesn't control. it doesn't control the regional budgets of places such as a andalucia and catalonia and the other. of course we had a banking sector crisi
we have a bind for the government. you've got a recession already, you've got 25% unemployment, you've got a housing crisis which means prices have fallen at least 25% and could fall again. the remedy for the markets is to have more austerity. it's what they have to do to gain the confidence of the markets, to gain the confidence of northern european markets and paymasters, i.e., the germans so they can get the bailout if and when they ask for it on a sovereignty basis. they're trying to...
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Sep 28, 2012
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the government was less worried. of course, with the announcement of the like ly fate and a date for the party congress, a risk premium is taken off, or at least reduced from the market. >> dr. wong, so many people have such widest mates on china. you hear some people say real gdp growth is 4%. some say 8%. you guys are right under 8% for next year. what could happen in china that would derail things? i agree with you it's a soft landing. that it's landed and turning around. what's on the ground that could actually turn that thesis upside down? >> i think right now, of course, corporate earnings have dropped a lot. i think at the moment what is really positive is property sales have rebounded. so what could derail that, for whatever reason, the government decided to tighten the property sector further or people lose confidence on this sector, that property sales and construction nose dive from where we are now. then it would be very hard to have a soft landing in china. >> guys, more questions for the doctor? >> i wo
the government was less worried. of course, with the announcement of the like ly fate and a date for the party congress, a risk premium is taken off, or at least reduced from the market. >> dr. wong, so many people have such widest mates on china. you hear some people say real gdp growth is 4%. some say 8%. you guys are right under 8% for next year. what could happen in china that would derail things? i agree with you it's a soft landing. that it's landed and turning around. what's on the...
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Oct 3, 2012
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why do you think business leaders fail in government? >> well, ting just requires a very different talent set. governments are democracies. businesses are not. good businesses are not run as democracies. government lives, breathes, and dies on fairness. businesses live on efficiency and innovation. there are many other reasons of that nature. the talents are not transferable. >> they're not transferable. i don't understand that. why wouldn't the talents of leadership be transferable? for example, one thing that president obama has been unable to do is really bring the two sides together. it feels like this country is as more divisive than it ever has been. isn't a good leader's job to bring poeople together so they can buy into the leader's vision? >> it is, but it's very, very different than the business world. you'll have a ceo who's surrounded by staff and subordinates that are basically supposed to adopt his vision. the president is surrounded by members of congress who have minds of their own and off partisan gripes with the preside
why do you think business leaders fail in government? >> well, ting just requires a very different talent set. governments are democracies. businesses are not. good businesses are not run as democracies. government lives, breathes, and dies on fairness. businesses live on efficiency and innovation. there are many other reasons of that nature. the talents are not transferable. >> they're not transferable. i don't understand that. why wouldn't the talents of leadership be...
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Sep 26, 2012
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government. >> zarate admitted the u.s. could do business with bout, but it couldn't catch him. >> i had always thought of viktor bout as untouchable. and i also, frankly, didn't think that anyone could get to him. >> a challenge zarate from the white house threw out at a meeting with mike braun and his d.e.a. team. the d.e.a. had just pulled off a string of extraordinarily successful captures of high-value terrorism targets around the world, like afghan drug lords. >> d.e.a. agents live for the hunt. >> but, mike, no one had even gotten a sniff on this guy. >> let me tell you something, armen, when i'm sitting there next to juan and my guys are sitting across the table from him--the very best that our government's got to offer--and he tosses this out on the table, and i look at him in the eyes and they're looking back at me, like, "we'll do this. we can do this." >> but it was about a 5% chance in the back of my mind. and so, you know, i wished them well, and i went back to the white house. >> mike braun's thinking 95%, ok
government. >> zarate admitted the u.s. could do business with bout, but it couldn't catch him. >> i had always thought of viktor bout as untouchable. and i also, frankly, didn't think that anyone could get to him. >> a challenge zarate from the white house threw out at a meeting with mike braun and his d.e.a. team. the d.e.a. had just pulled off a string of extraordinarily successful captures of high-value terrorism targets around the world, like afghan drug lords. >>...
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Sep 26, 2012
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. >> that was incentive by the government. the government wanted to increase the home ownership in the united states. so much of the financial crisis written is not true. i had the opportunity, i was ceo of bb & t for 20 years, larry and i were just talking about, we met years ago, i knew bernanke, knew greenspan, all the ceos of large financial institutions and this is, i believe, the first book that actually tells people what really happened in the total context. going back to the early '70s, working through what happened with community reinvestment act, freddie and fannie. the impact on decision makers, a lot of books written by congress that don't really understand what the impact of regulations have on people trying to make decisions. if somebody threatens to put you in jail, closes your bank down, you're going to do things that you may have a lot of discomfort with. and this is something joe would be interested in. i talk a lot about philosophy. bb & t did better than any other institution. all of our management, and ano
. >> that was incentive by the government. the government wanted to increase the home ownership in the united states. so much of the financial crisis written is not true. i had the opportunity, i was ceo of bb & t for 20 years, larry and i were just talking about, we met years ago, i knew bernanke, knew greenspan, all the ceos of large financial institutions and this is, i believe, the first book that actually tells people what really happened in the total context. going back to the...
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Sep 28, 2012
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he's also seek government enter session. mervyn king says he welcomes the proposals and wants prompt implementation. simon, welcome. these libor reforms, do they go far enough? >> there are a number of suggests which deal with the fact that there is a market benchmark and therefore there is a limit to how wide they will be involved in the process. so people might look at this and say we wanted to see the criminal sanctions, that was not the scope of this review. if there is one area where i'd be disappointed with the conclusions, it's that it hasn't been more aggression. if you're benefiting from libor as a rate, should you be contributing to it. although wheatley has asked for the fsa to have the power in the future to enforce consume poll more aggressive. >> it was the rate at which banks wouldn't rate to each other. is it going to retain after the scandal, as relevant as it was before? >> there is the traditional role of lie brother bor as the lendi. it's possible that it will be replaced by secured. but it's also incredi
he's also seek government enter session. mervyn king says he welcomes the proposals and wants prompt implementation. simon, welcome. these libor reforms, do they go far enough? >> there are a number of suggests which deal with the fact that there is a market benchmark and therefore there is a limit to how wide they will be involved in the process. so people might look at this and say we wanted to see the criminal sanctions, that was not the scope of this review. if there is one area where...
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Sep 29, 2012
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if the government rejects their weak conversion, you could see a decline. i would not buy corrections corp up there. not. if you already own it scale out of it into the lead conversion which should come in about three months. remember nobody ever got hurt taking a profit. >>> next up, last friday bill in california stumped me. well, i didn't want to offer an opinion yet. he wanted my opinion on splunk, splk. i needed to do some homework. smoking hot ipo from april. a lot of those have kind of been played out. it has the heads of information technology departments, people that run the computer services to get a run on how their networks are operating. they collect monitors and analyzes data in order to help the tech guys manage their networks more efficiently by showing them where the bottle next are forming. i'll say this for splunk, it's a good idea but budgets are tight. free products do similar things. i'm fearful much larger competitors could enter this market. don't get me wrong. their product is hot and the space is even horse. the stock's valuation i
if the government rejects their weak conversion, you could see a decline. i would not buy corrections corp up there. not. if you already own it scale out of it into the lead conversion which should come in about three months. remember nobody ever got hurt taking a profit. >>> next up, last friday bill in california stumped me. well, i didn't want to offer an opinion yet. he wanted my opinion on splunk, splk. i needed to do some homework. smoking hot ipo from april. a lot of those have...
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Sep 26, 2012
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government is failing us as a whole. it's the institution of government. and i mentioned self-inflicted political uncertainty. let me make a quick point. we've had three major political uncertainties not additives, but, in fact, multiplying each other and a fourth looming. the debt ceiling debate last year sent us in to a spiral. the discussion out of europe and the lack of a solution on the sovereign debt issue amplified the spiral. the chinese handover, which is not going well is causing an economic slowdown, almost freefall over there. those three things are amplifying economic events, causing business to not invest. and therefore in the united states, this looming fiscal cliff is the fourth data point that's a multiplier. you put all that together, that is a failure of politics. in essence, you know, whichever president it is and whichever congress it is, they're not working out solutions. >> that's where i was going to go. because, you know, whichever president matters a whole lot. i just want to ask your personal view. i've known you a long time. mr.
government is failing us as a whole. it's the institution of government. and i mentioned self-inflicted political uncertainty. let me make a quick point. we've had three major political uncertainties not additives, but, in fact, multiplying each other and a fourth looming. the debt ceiling debate last year sent us in to a spiral. the discussion out of europe and the lack of a solution on the sovereign debt issue amplified the spiral. the chinese handover, which is not going well is causing an...
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Sep 28, 2012
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mine shutdowns from labor disputes to bad weather to government intervention. gold is in a lot of places that aren't sterling democrat says. mark bristol ceo of wrangle told us gold mining is not for sissies. i have pretty much sworn off the entire space. but what if there was a company that gave you the benefits of the gold mining business, name lit ability to find new gold and increase production, and we like growth, without all the short-term headaches, these risks that make owning the stock such a horror show. i think that could be a terrific buy especially in an environment where the price of gold keeps going higher. what is this company? it's sandstorm gold symbol sand. speculative canadian mine financing business. think of sandstorm as beinging a financer for gold miners. we're in an environment where mierns have a lot of trouble getting financing. lenders aren't lending them money. they need more capital. take advantage of this high gold price. that's where sandstorm comes in they will give a gold miner immediate money up front in exchange for the perce
mine shutdowns from labor disputes to bad weather to government intervention. gold is in a lot of places that aren't sterling democrat says. mark bristol ceo of wrangle told us gold mining is not for sissies. i have pretty much sworn off the entire space. but what if there was a company that gave you the benefits of the gold mining business, name lit ability to find new gold and increase production, and we like growth, without all the short-term headaches, these risks that make owning the stock...
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Oct 3, 2012
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not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the masses on money, clean up the skies, rebuild our infrastructure and reappoint bernanke to give liberty, justice and higher stock prices for all. that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long or short in the stock? >> short that, you have to short that plentiful dividend. i never recommend that idea. you don't want t
not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through...
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Sep 28, 2012
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government is still a big shareholder and that stock's going up, boom, you get slapped upside the head with a big gob of gm stock if it goes too high. bulls in the china shop, it's still important to temper your expectations. too many stocks go up on a whiff of stimulus. many stocks will go down if there's none. >>> coming up, answering the call. >> they have want to come on the show to tell me why i'm too bearish, they're welcome. >> eight by eight gave us a ring. cramer is all ears when the company's ceo gets in the hot seat just ahead. ♪ [ male announcer ] introducing a reason to look twice. the entirely new lexus es and the first-ever es hybrid. this is the pursuit of perfection. >>> it is time for the lightning round. are you ready skee-daddy? time for the lightning round. brian in maryland. brian? >> caller: jim, good evening, we love jim cramer and staff in tacoma park, maryland. >> i'm loving that and my staff loves it too because they're the best there is. what's up? >> caller: please talk to us sir about pan american corporation. >> i prefer the slv, there are a lot of peop
government is still a big shareholder and that stock's going up, boom, you get slapped upside the head with a big gob of gm stock if it goes too high. bulls in the china shop, it's still important to temper your expectations. too many stocks go up on a whiff of stimulus. many stocks will go down if there's none. >>> coming up, answering the call. >> they have want to come on the show to tell me why i'm too bearish, they're welcome. >> eight by eight gave us a ring. cramer...
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Sep 27, 2012
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government is still a great big shareholder and that stock's going up, boom, you get slapped up side the head with a big gob of gm stock. bulls in the china shop, it's still important to temper your expectations. too many stocks go up on a whiff of stimulus. many stock also go down if there's no stimulus. >>> coming up, answering the call. >> they have want to come on the show to tell me why i'm too bearish, they're welcome. >> cramer is all ears when the company's ceo gets in the hot seat just ahead. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. you know what i love about this country? trick question. i love everything about this country! including prilosec otc. you know one pill each morning treats your frequent heartburn so you can enjoy all this grea
government is still a great big shareholder and that stock's going up, boom, you get slapped up side the head with a big gob of gm stock. bulls in the china shop, it's still important to temper your expectations. too many stocks go up on a whiff of stimulus. many stock also go down if there's no stimulus. >>> coming up, answering the call. >> they have want to come on the show to tell me why i'm too bearish, they're welcome. >> cramer is all ears when the company's ceo gets...
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Sep 27, 2012
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to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you get the protests from the people on the street. i'm actually standing on the exact point just outside where parliament is barricaded. you can see behind me just right at that point where over the last two nights, we've seen police charges, plastic bullets being fired as well, protesters getting violent because they're getting very frustrated about the really tough economic conditions which they don't see anything getting better. but i do want to leave this here on a very positive note. and there is one positive thing going on. and that is exports, and that is c
to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you...
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Oct 2, 2012
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that makes sense, good at growing government and good at being part of government but i don't know -- >> the right person in that office could do wonders for this country. >> it should be about jobs. it shouldn't be about taxes. it should be about jobs, jobs, jobs. donald trump, thank you. >> so long, so long, sam. >> bye-bye now. >>> coming up next, bill ackman's big investing idea the activist fund manager joining to us discuss where he's putting his money to work plus why he's putting pressure on p&g to get rid of the company's ceo, that interview coming up after the break. [ male announcer ] for the saver, and a big first step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at
that makes sense, good at growing government and good at being part of government but i don't know -- >> the right person in that office could do wonders for this country. >> it should be about jobs. it shouldn't be about taxes. it should be about jobs, jobs, jobs. donald trump, thank you. >> so long, so long, sam. >> bye-bye now. >>> coming up next, bill ackman's big investing idea the activist fund manager joining to us discuss where he's putting his money to...
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Oct 3, 2012
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the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too pessimistic. we're in the middle zone. 162,000, it might be better than they were expecting. currently on jobses we've averaged a smidgen for the third quarter. i guess in the end the numbers give me confidence because it is a bigger part of the economy. but none of this is to write home about on the recession side. >> my perspective is i'm afraid we're falling off a cliff. the ism numbers don't tell us that. it shows that we're in a modest area and recession is not around the corner. but let's say your test is putting millions back to wo
the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too...
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Oct 3, 2012
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we don't need the government to do anything. >> right. >> we just need the government to make sure that there are no bad players. >> but, jim, for a while, we weren't -- there was a stated intention to not add to infrastructure for hydrocarbon based energy. that's where we were four years ago. we had to get completely reject that notion. do it now. >> with respect to natural gas, it's all privately funded. it's not government funded. >> right. okay. >>> we've got to run. we're going to come back shortly. when we come back, we're going to talk baseball and politics after the break. and every day since, we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to ameri
we don't need the government to do anything. >> right. >> we just need the government to make sure that there are no bad players. >> but, jim, for a while, we weren't -- there was a stated intention to not add to infrastructure for hydrocarbon based energy. that's where we were four years ago. we had to get completely reject that notion. do it now. >> with respect to natural gas, it's all privately funded. it's not government funded. >> right. okay. >>>...
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Sep 25, 2012
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>> i this i there's no question that this is a mandate on whether you think government needs more tax dollars right now or we need to address the situation of the spending and n inc incurrence of more debt. we need to find a way to come together and have to act like folks do and their families and businesses and say normal reasonable people can disagree but let's find ways to work together and set aside those disagreements. >> if the president is reelected, how do you work with him and what is the proposal that's put on the table to try and move forward at some point? >> again in the hypothetical, if the president is reelected, i do think that he said he's not signing a bill that will keep taxes and the rates where they are. now we'll have to see what kind of sort of growth in revenue that he is talking about, and what form that's going to take. i think mitt romney has said all along, too, that in tax reform, we want to wring down rates for everybody, but he's also said he wants to close the loopholes. >> he said he'll work with congress to figure out what that is. >> that's been the
>> i this i there's no question that this is a mandate on whether you think government needs more tax dollars right now or we need to address the situation of the spending and n inc incurrence of more debt. we need to find a way to come together and have to act like folks do and their families and businesses and say normal reasonable people can disagree but let's find ways to work together and set aside those disagreements. >> if the president is reelected, how do you work with him...
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Sep 30, 2012
09/12
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were the people who put us under sanction or a handful of western governments? which people brought us under sanctions? many of the europeans companies are currently as we speak conducting trade with us. some of them do it in hiding but they do, secretly but they do conduct that trade. you hear some news, and you believe that iran's economy is n in chaos. it is not so. it is not so, let me reassure you. we -- we came from being the 22nd ranked economy in the world to being the 17th largest, and as we speak, this growth of capital and investment in the world continues. of course, we're not fans of sanction bus in anyone thinks sanctions will bring iran to her knees, they are certainly police staken. we have learned to live under these circumstances. we don't like to live like this, but at the owned testify day a handful of european countries and the united states, of course, would like to have relations with them. it would benefit both sides. but without them, we have learned to live quite well. we have been living quite well. we have trade relations with over 18
were the people who put us under sanction or a handful of western governments? which people brought us under sanctions? many of the europeans companies are currently as we speak conducting trade with us. some of them do it in hiding but they do, secretly but they do conduct that trade. you hear some news, and you believe that iran's economy is n in chaos. it is not so. it is not so, let me reassure you. we -- we came from being the 22nd ranked economy in the world to being the 17th largest, and...
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Sep 28, 2012
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you ask in the first instance the host government to do that. if for some reason the libyan prime minister suggested to arwa they thought they could provide that protection safely, but even if u.s. officials had security concerns where they didn't think that was enough, the next step is to ask the united states military, will they and can they provide protection and to get -- request permission from the host government to allow them to come in, the u.s. forces, solely to protect the perimeter of the scene and the investigators while they are there. and best we can tell, we don't know if that's ever happened. >> so does it make sense to you, the claim that security is the concern for why fbi agents aren't on the ground? >> it doesn't make sense to me because i understand that there are procedures in place to try and mitigate against those risks and concerns and ways to deal with it. >> procedures that 16 days on, you would think could be in place. >> yes. exactly. >> bob, you have been talking to sources at the pentagon. you say the u.s. is reall
you ask in the first instance the host government to do that. if for some reason the libyan prime minister suggested to arwa they thought they could provide that protection safely, but even if u.s. officials had security concerns where they didn't think that was enough, the next step is to ask the united states military, will they and can they provide protection and to get -- request permission from the host government to allow them to come in, the u.s. forces, solely to protect the perimeter...
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Sep 27, 2012
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the government needs to stop intruding in our lives. let the parents make decisions about their kids' lives. thanks for commenting. if you want to continue the conversation, facebook.com/carolcnn. thank you so much for joining us today. newsroom continues right now with ashleigh banfield. >>> hi, everybody. nice to have you with us. it's 11:00 on the east coast, 8:00 on the west coast. and happy election day to you. i'm not kidding. it is election day. everybody else has been counting town the days for weeks now, right? technically november 6th is 40 days from today. but guess what, election day has already started in some states. absentee ballots are going out. and in other states, coming back. look at this map. 32 states and the district of columbia let their voters vote early. i'm talking to you today, iowa, because, oh, happy day, you become the very first of the so-called battle ground states today to let your voters show up, do the in-person voting, and put this election behind you. and if you don't live in oregon or washington st
the government needs to stop intruding in our lives. let the parents make decisions about their kids' lives. thanks for commenting. if you want to continue the conversation, facebook.com/carolcnn. thank you so much for joining us today. newsroom continues right now with ashleigh banfield. >>> hi, everybody. nice to have you with us. it's 11:00 on the east coast, 8:00 on the west coast. and happy election day to you. i'm not kidding. it is election day. everybody else has been counting...
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Sep 27, 2012
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the government says it underreported the number of jobs added. translation, both president obama and mitt romney may be adjusting the stump speeches. we'll explain next. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ scroll... tap... pinch... and zoom... in your car. introducing the all-new cadillac xts with cue. ♪ don't worry. we haven't forgotten, you still like things to push. [ engine revs ] the all-new cadillac xts has arrived, and it's bringing the future forward. [ male announcer ] if you think all batteries are the same... consider this: when the unexpected happens, there's one brand of battery more emergency workers trust in their maglite
the government says it underreported the number of jobs added. translation, both president obama and mitt romney may be adjusting the stump speeches. we'll explain next. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you?...
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it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2% increase. that's less than the rate of inflation. so, i think that the reason that i believe he'll win re-election is we are beginning to recover. we have a higher rate of job creation since the recession bottomed out in the middle of 2009 than in the previous eight years. and, we are moving in the right direction and the policies he's advocated are going to produce good economic results. if people thought it was like another recession, he would be in trouble. it's not like another recession. they know it. >> people say the paralysis in washington, the inability to get in a room and get a deal done. i interviewed newt gingrich. he said the way it were with president clinton, you would be in a room full of advisers, you fling them out, it's you and him, get it done, compromise, get it done. why is that not happening now and what advice do you give to barack obama to try to get into that kind of m
it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2% increase. that's less than the rate of inflation. so, i think that the reason that i believe he'll win re-election is we are beginning to recover. we have a higher rate of job creation since the recession bottomed out in the middle of 2009 than in the previous eight years. and, we are moving in the right direction and the policies...
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Sep 25, 2012
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. >> i have made it clear that the united states government had nothing to do with this video, and i believe its message must be rejected by all who respect our common humanity. it is an insult not only to muslims but to america as well, for as the city outside these walls makes clear, we are a country that's welcomed people of every race and every faith. we are home to muslims who worship across our country. we not only respect the freedom of religion, we have laws that protect individuals from being harmed because of how they look or what they believe. >> our chief white house correspondent jessica yellin is live at the united nations. she joins us now. listening to that speech, it began with a mention of chris stevens, it ended with a mention of chris stevens and it's not lost on anyone watching that the president has two major audiences. he's got an international audience clearly, and he's got a domestic audience during this election. was he able to navigate appropriately between the two with the remarks he actually chose? >> reporter: well, it will depend who you ask, ashleigh,
. >> i have made it clear that the united states government had nothing to do with this video, and i believe its message must be rejected by all who respect our common humanity. it is an insult not only to muslims but to america as well, for as the city outside these walls makes clear, we are a country that's welcomed people of every race and every faith. we are home to muslims who worship across our country. we not only respect the freedom of religion, we have laws that protect...
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Sep 30, 2012
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that government is an independent government, and it will defend itself. they did not accept this. some furnished weapons. and when clashes start, no one displays any mercy. they kill. the other side kills in return. and it never stops. >> is iran selling weapons to the syrian government? and if it's not selling weapons, are you aware of iranian weapons being given to the syrian government? >> translator: i believe that there are many ahead of a line in supplying weapons. we would never reach our turn. it's quite obvious who those individuals are, who those countries are. >> were you pleased that osama bin laden was killed by american navy s.e.a.l.s on the instruction of president obama? >> translator: i would have been happier to see a transparent trial, a formal trial, and find out the root causes of all of the events of the last few years. >> you have been reported as saying that you believe it is possible that the american government were partly responsible for the events of 9/11. that caused a huge outrage. do you stand by that position? >> translator: of course the whole stak
that government is an independent government, and it will defend itself. they did not accept this. some furnished weapons. and when clashes start, no one displays any mercy. they kill. the other side kills in return. and it never stops. >> is iran selling weapons to the syrian government? and if it's not selling weapons, are you aware of iranian weapons being given to the syrian government? >> translator: i believe that there are many ahead of a line in supplying weapons. we would...
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Sep 27, 2012
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if they can't tell us who did it and why, the libyan government is on the wrong side. >> and mr. leak, you broke the story today in the daily beast that this was a terror attack. you say they new within 24 hours. it was in the intelligence community that not only pointed to al qaeda but they were able to pin point the location of one of the attackers but there were a number of clues if you will that were outside of the intelligen intelligence committee. they congratulated the attackers in bengazi. the date of the attack is another thing. there was intelligence coming in. intelligence sources say they located one attacker using social media. did they know his location? >> yes, but i'm -- i withheld details on that because the person as i understand is still at large. do we know if anyone has been targeted or arrested? >> at this point i have mixed signals. there were 50 people or so arrested by libyan authorities. it is unclear, but in terms of u.s. actions, nothing has been done at this point. you have talked to a number of sources on this? >> as the story was coming out in the a
if they can't tell us who did it and why, the libyan government is on the wrong side. >> and mr. leak, you broke the story today in the daily beast that this was a terror attack. you say they new within 24 hours. it was in the intelligence community that not only pointed to al qaeda but they were able to pin point the location of one of the attackers but there were a number of clues if you will that were outside of the intelligen intelligence committee. they congratulated the attackers in...
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the government proposing huge spending cuts in tax hikes to try to avoid a bailout. first, greece, protesters throwing firebombs and molotov cocktails today and unions went on strike to protest shrinking paychecks and rising retirement ages. here's the catch. the u.s. is facing similar tough choices. we racked up a crimintrillion d in debt this year. the u.s. is frozen, punting the fiscal football until after the election. let's bring in jim bolden from london. you've been covering europe's financial crisis. it is not just about math. this is about people, their futures, their lives. what are the lessons that the u.s. can learn here? >> the lesson any country can learn really is to do the budget c cuts. if you're going to do them while you're not in recession, while the markets aren't forcing you to do it. what spain and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be able to dip into the market, especially for greece. so these countries have been forced to do this by the markets, brooke, no
the government proposing huge spending cuts in tax hikes to try to avoid a bailout. first, greece, protesters throwing firebombs and molotov cocktails today and unions went on strike to protest shrinking paychecks and rising retirement ages. here's the catch. the u.s. is facing similar tough choices. we racked up a crimintrillion d in debt this year. the u.s. is frozen, punting the fiscal football until after the election. let's bring in jim bolden from london. you've been covering europe's...
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the difference is this is a government with a record of supporting terror. no one talking about this very much but if they had a nuclear weapon they would be very dangerous. even if they never use it. even if you believe that too bad things will happen if they get a bomb. that brings me to the second point that iran has the extensive contacts with terrorist groups. it put in the same fertilizer bomb that timmy mcvey used in oklahoma city. just that little bit. the prospect of spreading in a way dirty nuclear bombs with smaller payloads that would reek havoc and do unfold damage goes up every time some new country gets this capacity and you don't have any control over and you don't know whether they do over what happens to the fiscal material. >> if israel was to launch a strike because they believe that iran is right on the cusp of developing a nuclear weapon. if they do that what should america's response be? >> i shouldn't answer that question because of my wife's position. that's the president and security team desire of a decision to make. i generally ha
the difference is this is a government with a record of supporting terror. no one talking about this very much but if they had a nuclear weapon they would be very dangerous. even if they never use it. even if you believe that too bad things will happen if they get a bomb. that brings me to the second point that iran has the extensive contacts with terrorist groups. it put in the same fertilizer bomb that timmy mcvey used in oklahoma city. just that little bit. the prospect of spreading in a way...
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Sep 26, 2012
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taking work requirements out of government assistance is, in my opinion, a very bad course to take and creates a culture of dependency. we help people who need help. we want to help people that need help. but the idea of removing work requirements i think is a mistake. >> keeping them honest, as you just heard, jim acosta say politic fact gave that rating a pants on fire. the "washington post" gave it four pinocchios and quote, a mitt romney tv ad claims the obama administration has adopted a plan to gut welfare reform by dropping work requirements. the plan does neither of those things. back to the claim governor romney made about correcting ads or statements if there's anything factually wrong or amiss as he said, jim acosta called and e-mailed the romney campaign to ask if they could give any examples of that happening. so far he's gotten no response. jim acosta joins me now. so does lori robinson of factcheck.org. jim, you pressed governor romney on that welfare ad which independent fact checkers have said was false. he didn't back down. not only did he not back down, he seemed to
taking work requirements out of government assistance is, in my opinion, a very bad course to take and creates a culture of dependency. we help people who need help. we want to help people that need help. but the idea of removing work requirements i think is a mistake. >> keeping them honest, as you just heard, jim acosta say politic fact gave that rating a pants on fire. the "washington post" gave it four pinocchios and quote, a mitt romney tv ad claims the obama administration...